JC PENNEY PAYS OUT $10M TO EXECS, FEDEX CAPS HOW MUCH RETAILERS CAN SHIP

JC Penney paid out nearly $10M to execs as finances falter, saying it made compensation changes “to retain and continue to motivate” its top management team. Story by Ben Unglesbee.

FedEx has limited the number of items that Kohl’s and about two dozen other retailers can ship from certain locations, as the delivery company tries to prevent its network from being overwhelmed. Coverage from Paul Ziobro.